Visit Google + for all the order details...
- Pyramid Scheme?
Why is it a Pyramid Scheme? Defined:
Bottom line... Pyramid Schemes have no ¹ stock or deliverables.
I purchased more than $60,000.00 worth of Gold/Silver Bars and Coins back in May 2014.
About 6 months have gone by and still nothing. Mr. Davis won't call, email, or send a postcard to tell me what's going on.
I've been talking to other POW members throughout the country who've been with POW for years. They know what's happening.
The consensus is:
They have a lack of confidence in Mr. Davis's ability to manage. Some know the company is having financial difficulties where others don't.
Some people at the Church of POW just want to continue to worship Mr. Davis and all he's done for them. They don't see any fault as long as the money keeps rolling in. Until the money slows or stops all together they'll continue to believe...
Eventually schemes like this come to an end. They can't go on forever. New money stops coming in and the members start asking questions, or the company's legal/financial battles go public and begin to take its toll on the company and it's members bottom line (I suspect this is happening now).
Ignorance is bliss.
Mr. Davis is using the blame game for the company’s financial problems similar Mr. Obama's "blame Bush" campaign.
That's the sign of an inept manager.
Admitting there's a problem is the first step to recovery.
This campaign could end today if Mr. Davis would just do the right thing...
The BBB has given Preservation of Wealth (POW) an overall rating of "F".
Black Rock Gold & Silver Forums
This section is dedicated to people who had problems with POW. Please visit and tell us your story.
"Is Preservation of Wealth a "Scam"?
Read definitions of Multi-level Marketing (MLM), Pyramid and Ponzi Scheme then watch the video and read the compensation plan.
Is there is a correlation between them and POW?
First, let's define Multi-level Marketing vs a Pyramid scheme then a Ponzi scheme.
Definition of MLM and Pyramid schemes
1. Multi-level Marketing (MLM) is a marketing strategy designed to promote their product by through distributors, offering multiple levels of compensation. Pyramid schemes are, however, fraudulent schemes, disguising as an MLM strategy. The difference between a pyramid scheme and a lawful MLM program is that there is no real product that is sold in a pyramid scheme, and commissions are based only on the number of new individuals one introduces into the scheme.
2. A Pyramid Scheme, an organization compels individuals to make a payment and join. In exchange, the organization promises its new members a share of the money taken from every additional member that they recruit. The directors of the organization (those at the top of the pyramid) also receive a share of these payments. For the directors, the scheme is potentially lucrative—whether or not they do any work, the organization's membership has a strong incentive to continue recruiting and funneling money to the top of the pyramid.
The Federal trade Commission (FTC) has set guidelines that help consumers discern legitimate plans from illegal ones. The difference between MLM and pyramid schemes under these guidelines are as follows: Sales of actual product or services to consumers, MLM offers products whereas Pyramid schemes do not Commissions are paid on sale of products and not on enrolments; MLM has a hierarchical commission set up on the sales of products, whereas pyramid schemes are based solely on new enrolments.
Company buys back inventory from participants at the time of termination, "¹ Pyramid Schemes do not have any inventory".
3. A Ponzi Scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator.
|Actual POW |
||Traditional Pyramid Scheme
|Mr. Davis explains |
where my money went
using a Bank Metaphor
You make the call... What does it sound like?
Mr. Justin Davis, Fonder/CEO Preservation of Wealth
Preservation of Wealth
15851 Dallas Parkway Suite 1110
call or text Mr. Davis 214-543-3557 <- service has been discontinued
Here's why I'm doing this...
My case fits the Pyramid Scheme. They had no ¹ stock and I have no metals...
I purchased more than $60,000.00 worth of Gold and Silver Bars and Coins back in May 2014.
Just about 6 months has gone by and still nothing.
I'm retired and have nothing better to do since Mr. Davis destroyed my small business put me on the brink of financial ruin.
Since I've got so much time on my hands I started a campaign to spread the on POW and Mr. Davis's deception.
I'm relentless. Once I start something I don't quit until I'm finished and I suspect this campaign will go on for a long time.
A month or so ago the ****** Police Dept. went Mr. Davis’s office and asked him come to down there for questioning about my case. He did, then proceeded to lie to the Officer about their delivery dates.
Back in May of this year their website and whoever took my order told me 6-8 weeks.
Mr. Davis went to the PD with some trumpeted up paperwork stating it was been 8-12 weeks.
Mr.Davis out right lied to the officer. So I sent the officer the proof.
It doesn't matter anymore. It's been well over the 12 weeks delivery date.
I suspect Mr. Davis is just scared to face the people he owes money. Running is the wrong answer to fix this. It looks bad and proves what I'm saying here as factual.
Answer to the POW intro question --"80/20"
¹ Pyramid Schemes do not have any inventory.
E-mail Bill Cobb if you have Questions/Comments
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